JCPenney could close up to 30% of its stores, or roughly 300 of its more than 1,000 locations, within the next two years, according to a Cowen & Co. report.
JC Penney to close 40 stores, local stores to stay open. Posted on January 8, 2015 January 8, Stores are closing in Georgia, Ohio, South Carolina, Pennsylvania and elsewhere, but not Florida, according to list issued by the company.. a discount women’s apparel chain, also announced.
Another national retailer is going through a round of brick and mortar store closures.
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JCPenney plans to shutter as many as 140 stores in the coming months, the latest traditional retailer to announce closings. The department store chain did not disclose how many jobs would be cut.
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J.C. Penney is closing up to 140 stores as turnaround falters. What’s more, 1,000 stores is roughly the size of the fleet that Penney possessed when it had annual sales of $19 billion a decade ago.
JCP corporate sent out the following announcement Friday morning, that the company plans to close 130-140 stores across the nation, as well as two distribution centers. But the good news is that none of them are in Saline County. Statement from JCP: JCPENNEY ANNOUNCES PLAN TO OPTIMIZE RETAIL OPERATIONS, ADVANCE GROWTH AND DRIVE PROFITABILITY
Get fashionable clothing and beautiful home furnishings at affordable prices at a JCPenney Department Store in Lexington, Kentucky. Signature savings on top apparel and home brands have made JCPenney a top retailer for over a century. We recognize the uniqueness of everyone that comes to our depa.
AP. JCPenney recently announced that it would close 130 to 140 stores in the next couple of months because of slowing traffic and sales. The department-store chain hasn’t yet released a list of which stores it will close, but Morningstar Credit Ratings has identified 39 stores most at risk of closing, based on the stores’ sales data.